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vat setoff of capital assets ( Computer )

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(Querist)
10 March 2010 Sir
we have purchase computer for our co. The invoice getting to us (e.g. Basic Price Rs. 10,000 + Vat 4% Rs. 400 ) = total (10,400).Sir can i claim the vat full amount (Rs. 400) for setoff ?. The computer is show to our balance sheet as a assets in Plant & Machinery Block
Pls. suggest me how vat tax setoff available to company. Full Setoff or reducing setoff ? guide me.
thank you
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Vishnu Saboo

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Vishnu Saboo (Expert)
10 March 2010 normally its avilable in equal 5 year blocks. i.e. 20% in each year.
please check the provision of your state VAT act.
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